I’m Sophie and in this article, we are gonna talk about ways you can earn financial freedom online from nothing.
Now, in 2022, the world has turned to the internet as a result of the covid incident, making it easier to start an online business.
If you’re reading this, you might be trying to figure out how to build financial freedom online from zero to hero. The short answer? It takes hard work and perseverance; two things that can definitely be achieved if you follow the steps in this guide!
So what are you waiting for? Let’s get started!
An online business is one of, if not THE best fastest way to build wealth. It doesn’t matter what niche you go into; as long as you have a strong foundation and are putting in effort and work, you can grow your wealth with an online business.
Building financial independence online from scratch might seem daunting at first, but with hard work and dedication, it can be done!
There are lots of reasons why so many people fail at building their own businesses—and why they never make any money. It's mostly because they quit at the first roadblock they hit.
But if you commit to never giving up and following your passion, you can make it happen.
Achieving Financial freedom is defined as being able to retire at any time. Financial freedom is when your passive income exceeds your monthly expenses.
In order to achieve financial independence, you must first reach a level of passive income that allows you to cover all of your expenses without working more than 40 hours per week. Once you have achieved financial independence, it’s a great feeling!
The key to financial freedom begins with understanding your Net Worth. This is a simple calculation that adds up all of your assets (what you own) and subtracts what you owe. It doesn’t matter how much money you have or don’t have. Understanding where you stand financially will put you in control.
If your Net Worth is negative, then it means that someone else owns more of your life than you do and they are in charge of what happens next.
In order to reach financial freedom, you need to change that balance of power. Step one is figuring out where you currently stand and organizing where your money is going so you can have money to invest in your business as well as to keep yourself happy in the process.
You'll want to open 6 bank accounts. Let's call the first one general, this is where you'll put in all the money that you earn before you divide it among your other accounts.
For the following 5 bank accounts, you'll want to put in at least 10% of all of your earnings. So you'll have a learning account, investing account, a play account (to spoil yourself), a tax account, and a charity account.
Click here to learn this is great details. Create a free account and you will have access to "7 Steps of Freedom" where my business partner Vick will teach you how to set this up and why it's important to do so.
Once done, you're ready to start learning and investing in your business.
Earning money through multiple streams of income is a smart way to increase your financial security.
If you have only one source of income, you’re not as financially secure as someone who has two or more sources.
Don’t wait until retirement or another significant event in your life to start planning how you will keep yourself afloat in case of an emergency.
By starting with small side projects now, you can build up additional sources of income and achieve greater financial freedom in your life.
Wouldn't it be wonderful if you could be paid for something you already enjoy and are passionate about?
You certainly can, and this is a really efficient technique for people to achieve financial independence.
Everyone wants to learn something that someone else already knows. For example, you might be an excellent artist or a skilled seamstress.
People from all over the world are trying to figure out how to learn these skills and search on the internet to find someone to teach them.
Whatever it is that you are passionate about and excellent at, you can put it all into a course, learn marketing, and send it out into the online world, and people will pay money to learn whatever it is that you are an expert at.
If you don’t want to create your own course, there are so many out there on places like clickbank and JVZoo where you can find and sell it on your own website and earn a commission from each sale; this is called affiliate marketing.
It’s best to pick a niche that you have knowledge of and are passionate about so that you can easily recommend it to others.
Affiliate marketing is a great place to start if you don't have much money to start an online business. Yet you are interested in starting one and if you have the knowledge and are passionate about a specific subject.
It allows you to work at your own pace so if you have a full-time job you can work around it and make it happen. Of course, there is a lot to learn and a lot of work to do but if you put in the time you will eventually reach Financial freedom.
To build a successful online business, you need the right mindset. You need to get focused and feel that you can do it.
See yourself getting rich so you don’t have that little voice saying, I can’t inside your head. Working on your mindset is something you'll be doing throughout the entire journey of building your wealth.
As discussed before, organizing your finances is really your first step.
The next step is hard work—doing what needs doing when it needs doing—and there is no easy way around that.
There's so much opportunity out there for you. You just need to follow your passion and find the online business opportunity that works for you.
Wealth isn’t built by flipping a switch and making millions appear out of thin air (trust me, I know). It takes patience, sacrifice, and effort... but if you stick with it you will succeed! And then all those people who said you could never do it! will be eating their words :-).
Click here to access our free training to get started today.
I hope this has given you clarity!
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I LOVE to help people build their dream online business and create the life they deserve!
I am a member of an elite group of entrepreneurs who together, we are on a mission to help over 100,000 people build their online dream business so they can earn a stable income and live life on their own terms.